Kalshi and Polymarket Face Backlash Over Iran Airstrike Trading
- Kalshi settled a market on Iran’s Supreme Leader Khamenei’s removal at the last traded price before his reported death.
- CEO Tarek Mansour stated the platform does not allow markets directly tied to death.
- Six suspected insiders allegedly profited $1.2 million betting on U.S. strikes on Iran.
- Bubblemaps reported that these wallets were funded within a day of the airstrike.
The recent trading activity on Kalshi and Polymarket has sparked controversy regarding ethical practices in prediction markets. Allegations of insider trading have raised questions about transparency and fairness in such platforms, especially following significant geopolitical events like the airstrikes on Iran.
The backlash highlights ongoing concerns about how prediction markets operate during sensitive situations, with Kalshi’s handling of market rules being scrutinized after settling trades related to Khamenei’s status. (Source)
